Don't miss this amazing opportunity to own one of the most sought-after Big/Deep Waterfront Treasure Island Properties located in the heart of Isle of Palms at an affordable price. This is a growing multi-million dollar neighborhood. Just minutes away from the beautiful powder white sand beaches on the Gulf of Mexico. This Treasure Island home is perfectly located near shopping, many restaurants, convenient access to I-275 and close proximity to the vibrant downtowns of Treasure Islands John's Pass, St. Petersburg and Tampa. Enjoy a short drive or walk to incredible dining, entertainment and world-class amenities. Enjoy the manatees and dolphins just off your dock with beautiful sunsets. This home did sustain water damage from the hurricanes. The home is ready for a complete renovation with all of the interior walls already removed. Endless opportunities are awaiting you. The seller does have a current, post-hurricane property appraisal that will support the city's 50% renovation rules. Seller also has a General Contractor ready to move forward with the complete renovation should the buyer need. EXCELLENT LOCATION, CLOSE TO EVERYTHING!
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Our Executive Mortgage Banker:
Our Insurance Division:
$999,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $799,200 | $799,200 | $799,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $305 | $305 | $305 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,184 | $5,117 | $7,017 |
Total Monthly Payment | $5,581 | $5,514 | $7,414 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.